Fibonacci

Using the Fibonacci method to find support & resistance
Level Price Change
R3 30.00 2.46 %
R2 29.74 1.56 %
R1 29.57 1.00 %
Current price: 29.28 0 %
S1 29.05 -0.80 %
S2 28.88 -1.35 %
S3 28.62 -2.25 %

Accumulated Volume

Using accumulated volume to find support & resistance
Level Price Chg %
R3 29.87 2.02 %
R2 29.72 1.50 %
R1 29.38 0.34 %
Current price 29.28 0 %
S1 28.67 -2.08%
S2 26.73 -8.71%
S3 22.22 -24.11%
Pivot Evaluation:

Fair price August 21, 2019: $29.31

Current price: $29.28 ( Undervalued )

About Support and resistance

There are many factors used to determine support and resistance. The most common are:

  • Trend
  • Moving averages
  • Round numbers
  • Previous tops and bottoms
  • Accumulated volume

You may discuss what is the best, but by looking at the chart you will be able to get a more visual expression. Any support or resistance is weakened or strengthened by divergence in volume. If price is falling on high volume support levels may be broken easier. The same if price is rising on low volume, the resistance may be harder to break.

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